...read this, required reading for anyone interested in a) the economical collapse, b) their own strategies for the future and c) getting themselves fired up with righteous anger a little bit. Read Karl Denningers ticker from yesterday here.
Hedge your positions, plan for the future. Be safe.
Showing posts with label ticker forum. Show all posts
Showing posts with label ticker forum. Show all posts
Tuesday, August 11, 2009
Monday, February 09, 2009
Some stuff about the global economic crisis
Today, Monday, Geithner of the US Treasury will put forth the "rescue plan" that will "save the US economy". Problem is, there really is no way to save the economy - not as such an economy as it has been for the past 20 years at least.
This housing based credit bubble has been the largest credit bubble ever. The crash in the economy will therefore be, and actually IS already, the largest crash ever. To try to prop it all up with hundreds of billions of US taxpayer money is just plain silly.
The reason I'm interested - and you too should be interested - is that the theory of decoupling (the theory that it doesn't matter what happens in the US, the rest of the world will continue to trade with each other or internally and will not be affected) has been proven utterly wrong. Everything is connected, and the better I, and YOU, know the real deal, the better we can prepare for what will come.
Here are some links to my favourite pages to keep track of what's happening. Have a look, have a loooong good read, and make your choice.
Ticker Forum, Mish's Pages, The Big Picture, Calculated Risk.
This housing based credit bubble has been the largest credit bubble ever. The crash in the economy will therefore be, and actually IS already, the largest crash ever. To try to prop it all up with hundreds of billions of US taxpayer money is just plain silly.
The reason I'm interested - and you too should be interested - is that the theory of decoupling (the theory that it doesn't matter what happens in the US, the rest of the world will continue to trade with each other or internally and will not be affected) has been proven utterly wrong. Everything is connected, and the better I, and YOU, know the real deal, the better we can prepare for what will come.
Here are some links to my favourite pages to keep track of what's happening. Have a look, have a loooong good read, and make your choice.
Ticker Forum, Mish's Pages, The Big Picture, Calculated Risk.
Friday, October 24, 2008
The collapse of the economic system as we know it?
If you visit ONE new site today, you could do worse than going to this site. It's a handy forum where intelligent people meet to discuss finances.
Please go there, read up and realize that what we've seen so far is probably not that much to tell the grandchildren about. It the coming months this will all seem like a walk in the park.
See you Monday - should be interesting!
Please go there, read up and realize that what we've seen so far is probably not that much to tell the grandchildren about. It the coming months this will all seem like a walk in the park.
See you Monday - should be interesting!
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